My bad

8:30 am (Hawaii) Woke up about 10 minutes ago and saw AGQ up nicely. The whole Metals List practically was in the green. But now AGQ has sold off from 174 to 171. (It was above 177 a couple of hours ago.)

Sorry.

I don't like sleeping through the session, but that's unavoidable sometimes being out here in the middle of the Pacific. That's just the reality, but I can do things to try and manipulate it, like get more exercise so I get sleepier earlier. Then I could actually sleep from maybe 10 pm to 2 am, just enough to get me rested for premarket. I'm sure there are a few people here in the islands who do this full-time, whether at home or in some office.

Turd Ferguson, as usual, was spot on about Spot Gold (1493) and Silver (34.93). (Silver is down from the 35.50 level.) The bounce was coming. Also very correct was Le Fly, who wrote last night that these levels were oversold.

Overall, it's a nice bounce for precious metals and crude oil. I could say something like, aw, too bad, look at silver tank. But it's a mixed bag really. If Spot goes up too high, I'll have to pay higher prices for physical. So that's how things have changed in my perspective in the past few weeks. In fact, that Scottsdale 10-oz stacker was at $373 a couple of days ago. Now it's $383.

Update 8:40 am (Hawaii) Spot Silver down to 34.73, approached the pre-jump level of 34.50ish. The jump began roughly at 9 am Eastern and continued even after London closed shop two hours later. AGQ tumbling downhill, now 169.77.

ZSL (20.09, -5.1%) is still the second-worst loser on my Metals List, topped only by SCO (44.81, -5.4%). Top gainers are GPL (2.99, +7.1%), AGQ (+5.3%), UCO (48.11, +5.2%), EXK (8.70, +3.9%), AVL (7.12, +3.8%), AG (17.55, +3.5%), PSLV (15.92, +3.2%), DBS (60.95, +2.8%) and SLV (33.99, +2.7%).